What's Happening After Solana Network Upgrade?
Key Takeaways
- Users must wait while network validators complete the Solana restart, which caused a delay in block production.
26-02-2023
By: Divya Behl
The Solana restart, which caused a lag in block production, is being finished by network validators as users wait.
Users had trouble trading digital assets on the blockchain due to a Major network upgrade. Due to a problem that slowed down block finalisation during the upgrade from version 1.13 to 1.14, the network has been in restart mode. An update to the validator software is to blame for the delay in the Solana network. In contrast to the cryptocurrency market, the network outage has less of an impact on the price of Solana.
Restarting Solana's Progress
Users can see around 72% of the active stake as they wait for the network to restart due to the sluggish block production. The ideal amount of active stake for the network to resume is 80%. The number of active stakes will increase as additional validators finish their restart. The fact that significant centralised exchanges like Coinbase and Binance hold a large portion of the stake in this situation is crucial for a restart.
Similar disruptions that lasted many hours have occurred in the Solana network in the past. The network halts, which have been compared to Ethereum, are frequently criticised in the cryptocurrency sector, which regulators are closely inspecting all over the world. A recent example of this was the Solana network going down in September 2022 due to a flaw in the consensus method. In this instance, the disruption lasted for roughly 7 hours.
Solana Mobile Saga
The Solana mobile Device, which is equipped with Web 3.0 technologies, is scheduled to debut the following week amid tremendous anticipation, according to reports. Pre-orders for the Solana Saga phone are presently being taken. The Android-powered mobile device will offer access to decentralised applications, cryptocurrency trading, and the creation of Non Fungible Tokens (NFTs) (DApps).
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